Dumping Duty On Polyester

The finance ministry has decided to impose a provisional anti-dumping duty on imports of certain polyester staple fibres (PSF) from South Korea, Malaysia, Taiwan and Thailand.

A petition seeking anti-dumping investigations into certain PSF imports was filed by the Association of Synthetic Fibre Industry, on behalf of domestic manufacturers, alleging dumping of certain polyester staple fibres imports from Indonesia, Korea, Malaysia, Taiwan and Thailand.

Based on its preliminary investigation in January this year, the revenue department has now imposed a provisional anti-dumping duty equivalent to the difference between $1.264 per kg and the landed-value of the imports in the case of all exporters from South Korea.

On imports from Penfibre, Malaysia, a provisional anti-dumping duty equivalent to the difference between $1.118 per kg and the landed-value has been imposed.

For all other exporters from Malaysia, the revenue department has imposed a provisional anti-dumping duty equivalent to the difference between $1.264 per kg and the landed-value.

A provisional anti-dumping duty equivalent to the difference between $1.054 per kg and the landed-value has been imposed on PSF exports by Tuntex (Thailand). A provisional anti-dumping duty equivalent to the difference between $0.951 per kg and the landed-value has been imposed in case of Teijin (Thailand).

For all other exporters, a provisional anti-dumping duty equivalent to the difference between $1.264 per kg and the landed-value has been imposed.

The move comes nearly six months after the designated authority in the ministry of commerce and industry recommended a provisional anti-dumping duty on certain PSF imported from the above countries.

Indo Rama Synthetics (India) and Reliance Industries accounted for more than 71 per cent of the domestic production of PSF during January-September 2000.